Also the Grand Rapids area so Kent county 

That $150k very rapidly get's widdled down to more like $50k, or even less.     

Unless the market is appreciating rapidly, so that you can pull the equity out to reinvest, seems like this would be an ultra conservative way to park money.

It's a rapidly appreciating market with A LOT of construction going on over the next year so even though I don't think it's going to kill it as a STR, I think a mid term rental will absolutely keep the bills paid while it appreciates.

Kroc franchised his first McDonald’s restaurant in 1955 and bought the original McDonald’s brothers out of the business six years later, rapidly expanding the fast-food chain into an empire in the following decades.

Background: 25 700+ credit 10k bank (constantly increasing) 32k salary + commissions (rapidly rising w/ new accounts) - I believe this qualifies me for ~100k purchase with 10% down?

At first, I want to start with my first deal and I am looking for investors in the Grand Rapids, Michigan area.

I know that in my farm area of Grand Rapids, MI that vacancies have been quite low.

I have a sense that our agent is not really aware of the true hotness of our market right now, or of what areas are going to rapidly appreciate in the future.

It worked and property was sold rapidly.